Summary: NVIDIA and Japan's National Institute of Advanced Industrial Science and Technology are collaborating to build the ABCI-Q hybrid supercomputer that will integrate quantum computing capabilities and more than 2,000 data center GPUs. The project aims to advance quantum computing technology and develop applications in areas like pharmaceutical research and logistics optimization.
Full articleSummary: The Coca‑Cola Company and fairlife have broken ground on a new state-of-the-art fairlife production facility in Webster, New York, which represents a $650 million investment and is expected to generate approximately 250 jobs in the area. The facility will serve as fairlife's flagship Northeast location and is anticipated to be operational in Q4 2025.
Full articleSummary: Home Depot has deployed security dogs at a New York store to prevent petty thefts, especially due to an increase in thieves attributed to the influx of immigrants in the area. The move may lead to other stores following suit in deploying similar measures.
Full articleSummary: New chips from Intel and AMD have the potential to greatly improve performance for high-end desktops and ultra-thin laptops.
Full articleSummary: PepsiCo Inc announced that it is likely to raise prices again early next year due to supply-chain challenges, including shortages of Gatorade bottles and cans. Despite facing disruptions, the company expects most supply-chain issues to moderate by the end of 2021.
Full articleSummary: Nike announces layoffs affecting 2% of its workforce, with more than 1,600 positions being reduced. The company has also reported a decrease in revenue and a 10% drop in share value year-to-date on NYSE.
Full articleSummary: Multiple security vulnerabilities have been identified in IBM i Access Client Solutions and IBM WebSphere Application Server and Liberty, including denial of service issues and injection vulnerabilities.
Full articleSummary: Meta, formerly Facebook, is reducing the visibility of politics-focused posts and accounts on their platforms, which has led to significant declines in user engagement for political campaigns. This shift away from current events could impact the 2024 election.
Full articleSummary: Nelly Korda wins her 5th consecutive LPGA tour, earning $1.2 million and historic major championship. Korda's back-to-back wins with Scottie Scheffler lead in PGA tour.
Full articleSummary: 23andMe and Innate Pharma are leveraging a novel class of antibodies to develop cell therapies using NK cells to recognize and kill cancer cells. 23andMe is using genetic data to develop immuno-oncology therapies targeting ULBP6-NKG2D interaction. Innate Pharma's lead asset is an antibody-based NK cell engager against NKp46 and CD16 receptors.
Full articleSummary: Federal Reserve's actions during Covid-19 pandemic led to surplus deposits at major banks like JPMorgan Chase & Co. and Bank of America Corp. JPMorgan's decision to keep extra cash in money markets or at the Fed proved to be more profitable than investing in bonds.
Full articleSummary: Federal Reserve's cash flood during Covid-19 pandemic poses challenge for large banks, leading to differing outcomes for JPMorgan Chase & Co. and Bank of America Corp. as interest rates are set to fall.
Full articleSummary: Zacks emphasizes the importance of value investing through its Style Scores system and identifies MetLife (MET) as a strong value stock with high potential. MET has a Zacks Rank of #2 (Buy), an A for Value, a low P/E ratio of 9.03, and a P/S ratio of 0.85.
Full articleSummary: Airspan Networks Holdings Inc. received notice from NYSE American to delist its warrants due to low trading price, but the company does not intend to appeal the decision. The delisting process will be initiated with SEC approval. However, the company's common stock and three other series of warrants will continue trading on the NYSE American while the delisted warrants may be quoted and traded over-the-counter under a new ticker symbol.
Full articleSummary: Microsoft is set to collaborate with South Korean Tech Big 4 companies to boost AI service competitiveness by leveraging semiconductor and communication technologies. The collaboration is expected to focus on AI semiconductor development, supply, and integration of AI services into electronic devices like smartphones, home appliances, and TVs.
Full articleSummary: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has proved itself to be a valuable long-term holding with a $1.9 trillion market cap, strong financial performance, leading position in digital advertising, and growing focus on AI and technology.
Full articleSummary: Nike SB and Jordan Brand are set to release a new colorway of the Air Jordan 4 in Spring 2025, featuring a 'Summit White/Navy' design with Zoom Air cushioning for skaters.
Full articleSummary: Tesla recalls most Cybertruck models due to accelerator issues, Volkswagen workers unionise at Tennessee plant, Nike and UBS announce layoffs to reduce workforce
Full articleSummary: Caterpillar is actively pursuing Artificial Intelligence (AI) to enhance its operations and benefit its clientele. It includes the use of advanced technology to expedite engineering tasks and incorporating AI into its machines to enhance operations.
Full articleSummary: Chip shares across Asia opened sharply lower following a steep fall in Nvidia's share price, reflecting concerns over the durability of the artificial intelligence boom.
Full articleSummary: The stock market has recently experienced increased volatility, with the S&P 500 posting its biggest weekly loss since March 2023. High-flying stocks like NVIDIA (NVDA), Eli Lilly (LLY), and GE Aerospace (GE) have been targeted for selling despite their solid narratives and gains. NVDA dropped 10% due to a possible correlation with Super Micro Computer (SMCI) performance, but the long-term outlook remains positive.
Full articleSummary: M&A activity in the banking industry is expected to bounce back in 2024 after a slowdown in the past two years due to factors such as the need for scale and diversity, strong U.S. job growth, easing fears of credit quality deterioration, and recovering bank stocks.
Full articleSummary: Nelly Korda wins her record-tying fifth straight tournament in the Chevron Championship, becoming the third player in LPGA history to achieve this feat. Korda, a two-time major champion, remains unstoppable after recovering from a blood clot that required surgery in 2022.
Full articleSummary: BlackRock Science & Technology Opportunities A (BGSAX) has a Zacks Mutual Fund Rank of 4 (Sell) based on various forecasting factors like size, cost, and past performance. The fund's 5-year annualized total return is 14.96% but its 3-year annualized total return is 3.52%. BGSAX is more volatile than its peers with higher standard deviations.
Full articleSummary: Portwell has launched an extensive lineup of industrial computing solutions powered by the latest Intel Atom x7000RE Series processors, demonstrating their commitment to delivering robust, high-performance computing platforms for diverse industrial sectors.
Full articleSummary: Teenage Engineering, a quirky Swedish brand, is gaining popularity in the music tech market with its visionary design and cult-like following, drawing parallels to Apple's rise from niche to mainstream dominance.
Full articleSummary: Bank of Montreal expects multiple rate cuts from the BoC throughout the year, with projections for cuts in 2025 and 2026 as well.
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